The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-02

M0NEY 9 TO 8 PER CENT, NEW
YORK EXCHANGE 1.S PREM.
Cotton Firm = Middling Cotton,
1le-Sales Yesterday, IN
important.
ArPzLL oYYIox.


MEMPHIs. TESH., june l, 1871
. The money market is steadier, and
although rates are not quotably chan ged the
tendency Is to harden. There 10 an increas.
ed demand for loans at the old rate, 8 to
Per cent. the reports from ths country hav-
ing encouraged merchants to advance more
freely.
The Stock Exchange developed nothing Of
importance, no transactions being made and
the majority Of the securities were quiet and
featureless.
The local cotton market continues firm
middling, lie, and with no sales today.
New York spots closed quiet; m ddling.
II 7-l6c. Futures closed steady, and IL to
16 points lower; June, 1i.S4@i1 S5c. The
New Orleans spot market closed easy; mid
ding, 1O5zc. Futures closed steady and to
6points lower; June. 10. 62@l0.64c The Liv-
erpool market was quotsi good business,
hardening as to spots, ana futures advanced
Alto 8 points; June, 57-64buyers. A leading
New York cotton circular says of the future
market:
SIT was poor day for the bulls. While
the foreign market responded somewhat to
the tactics worked here yesterday, Liverpool
was in the whole disappointing. and an
effort on the part Of the clique to realize
opened the door for general and indiscrimi-
nate selling, under which there was an irreg-
ular break of 129l7 points, with large
amount of long cotton, liquidated on stop
orders. Tho close was about steady but
slow, and held mainly BY the efforts Of the
leading bulls"
The grain market is strong and higher,
and provisions firm. Coffee advanced 15c
per pound on all grades in this market, COM
mon being now quoted at 2nc-a grade that
was sold here three months ago at SIC to 90.
The New York Commercial Bulletin Of the
S0th ultimo, says: "The vitality and ex-
pansive power Of the bull movement has
again proven the pronounced feature Of the
situation in Brazil coffee during the week.
Today's short session on the exchange
was fairly active, and. though, with
out much excitement, developed
considerable irregularity, with the
final gain for the bulls, prices
closing quite a fraction over last evening
and leaving the bulls cheerful and confident
Havre made considerable recovery on yes
terdsy's break, and Rio. while on prices un-
changed and showing stock Of 5000 bags,
was strong, with late private advices UNDER
stood TO be even more encouraging. There
was no apparent deal in invoices, aud for
such rates ruled more or less nominal. Su-
gar is strong and higher, and advanced 10
on all grades today.
The new Board of Trade Stock Exchange
of Chicago opened for business in the Call
Board room this morning, and 200 members
ofthe Board Of Trade attended. Three hun
bred and forty-six members out Of O total of
1A7 have Joined.
The Manchester Guardian Of the LIST in its
commercial article says:
"0Wing to the HOLIDAYS but little business
has been done, and last weeks inactivity is
still prominent. The cloth tections report
small miscellaneous busines There has
been tome offers for fair quantities for India
staples mostly below the lowest prices
touched, and sellers generally refuse to en-
terrain them. Yarns are in poor demand.
Spinners are Offering their productions free
ly at previous rates. The prospect of organ
king ashort time movement is not encsur-
aging, bat in various ways the outturn of
yarn and also of goods is lessc ning."
IMPORTS.
Six hundred and ifty-six SKIS bran, pkgs
butter, go rls .bagging. 1852 pigs boots and
shoes, Is, 500 blu corn, l SIX cotton seed, 5S7
cars cotton seed, ia pkgs dry goods, l09
pkgs eggs, $50 brls -four, 26i bales hay. 125
pigs hats, 43 nd hogs, Is nd cattle, % nd
horses and mules, so pkgs lard. 162 900 fest
brls molasses, 1000 Blu oats, 8 cars pork sides,
SO brls sugar and 705 pkgs tobacco.
ELEVATOR REPORTS.
The following shows the amount Of grain
received, Withdrawn and in store by regular
elevators, as reported to the Merchants Xxx
change yesterday: Corn-received, 1882 bu;
Withdrawn. ~ Lob 6ui in SIRE. SSH2 bu.
in store, 6551 gu.